[GLBSE] M.ETF - The first Mining ETF listed on the GLBSE - page 2.

molecular

donator

Activity: 2772

Merit: 1019

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

Kaos

member

Activity: 64

Merit: 10

Quote from: ?? on ??

The first dividend of 1.45477224 BTC Dividend Paid - 0.00145477 BTC Per Share

The Breakdown -

0.80587224 BTC - Dividend Gain (90% of all dividend earnings)
0.6489 BTC - Realized Gains (90% of all Share Trading earnings)

Total Dividend Payout - 1.45477224 BTC
Reinvested - 0.08082068 BTC
Fee Taken - 0.08082068 BTC

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Overall each share got a 0.00145477 BTC dividend with only 35.19% of the investment working for them, and future dividends should be higher.

Also with any holdings that pay a monthly dividend, that dividend will be split between each weekly payment we payout for that month.

I can confirm the above, On 21/03/2012-15:21 (GLBSE timestamp) I received 0.00145478 per share... Not bad, not bad at all!

Eveofwar

sr. member

Activity: 406

Merit: 250

Guys and Ladies (Goat): https://bitcointalksearch.org/topic/glbse-metf-the-first-mining-etf-listed-on-the-glbse-67275

Educate yourselves.

Kaos

member

Activity: 64

Merit: 10

So when should we expect our first dividends then?

2weiX

legendary

Activity: 2058

Merit: 1005

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okay, so I bought me a few.
Let's see how this goes :-D

Nefario

hero member

Activity: 602

Merit: 513

GLBSE Support [email protected]

I'm just after getting back from London(gone since Tuesday), charts.glbse.com is not showing any updates since the 12th.

For the moment, all the latest trades for GLBSE can be found on it's twitter feed here.

I'm contacting the operator of charts to find out what the story is.

Nefario

tgmarks

donator

Activity: 490

Merit: 500

Quote from: molecular on March 14, 2012, 04:54:31 PM

Quote from: ?? on ??

Overall your missing profit is only 5% per share. The other 5% actually increases your share value.

Let me confirm that it's a lot of work to keep track of even only a couple of stock in a very crappy way (as I did).

So as I said earlier, 5% for the much more advanced level JL is doing this at for us is a bargain.

I agree that this is a totally reasonable arrangement and am excited for the opportunity. Especially with the simple yet solid growth plan.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

Overall your missing profit is only 5% per share. The other 5% actually increases your share value.

Let me confirm that it's a lot of work to keep track of even only a couple of stock in a very crappy way (as I did).

So as I said earlier, 5% for the much more advanced level JL is doing this at for us is a bargain.

2weiX

legendary

Activity: 2058

Merit: 1005

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hi,

still interested in investing.
however, there needs to be some more transparancy.

current holdings?
dividend history?
lowering of fees to be expected?

tgmarks

donator

Activity: 490

Merit: 500

I agree. If you think about it, the network mines enough blocks to pay for this whole IPO in less than a hour.

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: molecular on March 13, 2012, 02:23:31 PM

Quote from: gewure on March 13, 2012, 09:11:03 AM

the already not very big overall demand in stocks on the glbse moved to bitcoin syndicate ant M.ETF, leaving empty bids for tygrr and other stocks. overall demand has to grow. either ppl invest more into bitcoin mining corporations, or there have to be more people investing. there is just too much demand in capital for so many on glbse listed companies. the capital supply can't finance all companies as desired right now, or am i wrong?

I think you are wrong, I have a completely different impression.

All stocks I watch (MergedMining, FPGA.contract, BitcoinTorrentz, JLP-BMD) have been trading at higher prices compared to 4 weeks ago and also compared to 1 week ago. I've been selling contracts for roughly BTC 120 in the process.

I'd say demand has grown considerably.

I'm in this boat.

The ones that are down, are so because they are not performing well enough compared to other things potential investors could be into. And M.ETF would have pulled a very small portion of the overall BTC moving out of other ventures on GLBSE. This IPO only raised 250BTC to start with.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: gewure on March 13, 2012, 09:11:03 AM

the already not very big overall demand in stocks on the glbse moved to bitcoin syndicate ant M.ETF, leaving empty bids for tygrr and other stocks. overall demand has to grow. either ppl invest more into bitcoin mining corporations, or there have to be more people investing. there is just too much demand in capital for so many on glbse listed companies. the capital supply can't finance all companies as desired right now, or am i wrong?

I think you are wrong, I have a completely different impression.

All stocks I watch (MergedMining, FPGA.contract, BitcoinTorrentz, JLP-BMD) have been trading at higher prices compared to 4 weeks ago and also compared to 1 week ago. I've been selling contracts for roughly BTC 120 in the process.

I'd say demand has grown considerably.

The00Dustin

hero member

Activity: 807

Merit: 500

Quote from: mila on March 13, 2012, 02:12:52 PM

I've read that conversation but many might not be familiar with that and 'goat's' opinion. he wants strong and valuable stock, it's just harder to keep the price stable

I thought you might've, but posted the link just in case. However, that thread might be a better place to continue the conversation than this one.

mila

sr. member

Activity: 462

Merit: 250

Quote from: The00Dustin on March 13, 2012, 01:44:57 PM

Quote from: mila on March 13, 2012, 01:24:01 PM

maybe if your stock was 1:20 cheaper the price would not drop occasionally by 25% and could absorb supply easier
just my rookie observation and sticky idea that whoever sold at 2, 2.40 and prices like that could not wait for an ask around 2.80-3 to be filled. whenever will people 'sell out' they can drag the price through basement.

https://bitcointalk.org/index.php?topic=52081.msg720285;topicseen#msg720285

I've read that conversation but many might not be familiar with that and 'goat's' opinion. he wants strong and valuable stock, it's just harder to keep the price stable

The00Dustin

hero member

Activity: 807

Merit: 500

Quote from: mila on March 13, 2012, 01:24:01 PM

maybe if your stock was 1:20 cheaper the price would not drop occasionally by 25% and could absorb supply easier
just my rookie observation and sticky idea that whoever sold at 2, 2.40 and prices like that could not wait for an ask around 2.80-3 to be filled. whenever will people 'sell out' they can drag the price through basement.

https://bitcointalk.org/index.php?topic=52081.msg720285;topicseen#msg720285

mila

sr. member

Activity: 462

Merit: 250

> people who bought the IPO wanting to sell out

maybe if your stock was 1:20 cheaper the price would not drop occasionally by 25% and could absorb supply easier
just my rookie observation and sticky idea that whoever sold at 2, 2.40 and prices like that could not wait for an ask around 2.80-3 to be filled. whenever will people 'sell out' they can drag the price through basement.

mila

sr. member

Activity: 462

Merit: 250

@gewure I'd say you're right. 1700 btc went to BTCSYN, 500 btc went to TyGrr-bank, M.ETF collected capital and this might have caused sell off of other stock at glbse. spread is high for some stock and/or the bids very low compared to usual prices (avg or IPO). i think this means that liquidity is bad. and RSM did not yet finished IPO while the shares started trading at loss (but that asset has issues on its own). I agree that glbse could use more capital but on the other hand, it's interesting to observe as is. I came for the experience and (self)education it provides and I learn a lot. If things would be perfect, I might loose less money but also learn less : )

p.s. I've found out that second life capital exchange exists as well, is 4 years older than glbse and we can learn from them as well.

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

the already not very big overall demand in stocks on the glbse moved to bitcoin syndicate ant M.ETF, leaving empty bids for tygrr and other stocks. overall demand has to grow. either ppl invest more into bitcoin mining corporations, or there have to be more people investing. there is just too much demand in capital for so many on glbse listed companies. the capital supply can't finance all companies as desired right now, or am i wrong?

2weiX

legendary

Activity: 2058

Merit: 1005

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Quote from: gewure on March 12, 2012, 10:40:35 AM

Quote from: 2weiX on March 10, 2012, 05:23:43 AM

Quote from: molecular on March 09, 2012, 07:58:27 PM

Quote

how do you calculate the NAV of the ETF? is there a pricing bot in the background monitoring prices? this also relates to the question of creating more "shares" - if you were to always determine the correct price of the ETF, you should ALWAYS be able to issue more shares without decreasing current investors' profits.

I'm not sure the liquidity is sufficient for a price determined by a bot to be meaningful enough.

if liquidity is bad, an ETF is equally bad.

since you're both issuer AND market maker here, calculating the price is REALLY easy.

bid and ask price of the ETF should reflect that.
it should also reflect that if I buy 1 M.ETF at whatever price, I should exactly know what I own (ie the NAV and the constituents of the ETF should be disclosed once each day at noo CST or whatever).

the NAV should be the middle of the spread.

so if I buy 1 M.ETF @ 2BTC, you should immediately put x% of that into asset A, y% into asset B etc etc.
if you cannot, you should always be ahead of the market so that only 80% or so of the ETF are in circulation.
I wouldnt want me buying 100BTC worth of M.ETF disrupting the market of some poor mining stock because there's not enough on the ask side.

i am a full time ETF trader, so please contact me if you have questions :-D

already happened to tygrr-tech. glbse markets have to grow!!

exactly what happened do tygrrr?

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

Quote from: 2weiX on March 10, 2012, 05:23:43 AM

Quote from: molecular on March 09, 2012, 07:58:27 PM

Quote

how do you calculate the NAV of the ETF? is there a pricing bot in the background monitoring prices? this also relates to the question of creating more "shares" - if you were to always determine the correct price of the ETF, you should ALWAYS be able to issue more shares without decreasing current investors' profits.

I'm not sure the liquidity is sufficient for a price determined by a bot to be meaningful enough.

if liquidity is bad, an ETF is equally bad.

since you're both issuer AND market maker here, calculating the price is REALLY easy.

bid and ask price of the ETF should reflect that.
it should also reflect that if I buy 1 M.ETF at whatever price, I should exactly know what I own (ie the NAV and the constituents of the ETF should be disclosed once each day at noo CST or whatever).

the NAV should be the middle of the spread.

so if I buy 1 M.ETF @ 2BTC, you should immediately put x% of that into asset A, y% into asset B etc etc.
if you cannot, you should always be ahead of the market so that only 80% or so of the ETF are in circulation.
I wouldnt want me buying 100BTC worth of M.ETF disrupting the market of some poor mining stock because there's not enough on the ask side.

i am a full time ETF trader, so please contact me if you have questions :-D

already happened to tygrr-tech. glbse markets have to grow!!

Topic: [GLBSE] M.ETF - The first Mining ETF listed on the GLBSE - page 2. (Read 9172 times)